S&P 500 Index Futures Trading Sharply Higher

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

S&P 500 index futures were trading higher by 20 points at 2093.50 in Monday's session. The rally in pre-market trading has carried over into the regular session.

So far, the index has recaptured all of Friday's losses and then some. At this time, the index has found intraday resistance at 2095.25. If the rally continues, the major resistance comes in at Thursday's high (2099.25).

All but one of the top 10 stocks in the index were firmly in the green. The lone loser is Berkshire Hathaway's Class B (NYSE: BRK-B) which were trading lower by $1.65. The reason for the decline may be its Q2 earnings report that came in lower than the same quarter last year.

Leading the way on the upside is Apple Inc. AAPL shares which were rebounding from last week's shellacking, trading higher by $2.87 at $118.39.